Currency Note Euro

No major impetus for the euro this week

By Ricky Bean June 20th, 2014

The euro has had quite a flat week against sterling but gained ground against the US dollar which more to do with US news rather than Eurozone news. There was a lack of significant Eurozone news this week but those worth noting are inflation data which came out lower than expected and the German Economic Sentiment figures which showed the lowest level of optimism in Europe’s largest economy since 2012.

Yesterday was once again a quiet day on data releases; Eurogroup meetings held all day did not have much impact on volatility. Today we have German inflation data released, as well as current account data from the rest of Europe.